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Author: Fellow-partner
Publisher:
ISBN:
Category : Bank fraud
Languages : en
Pages : 28
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Book Description
Author: Fellow-partner
Publisher:
ISBN:
Category : Bank fraud
Languages : en
Pages : 28
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Book Description
Author: Douglas, Heron, and Company. Committee of Inquiry
Publisher:
ISBN:
Category : Bankruptcy
Languages : en
Pages : 424
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Book Description
Author: Tyler Beck Goodspeed
Publisher: Harvard University Press
ISBN: 0674969014
Category : Business & Economics
Languages : en
Pages : 221
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Book Description
From 1716 to 1845, Scotland’s banks were among the most dynamic and resilient in Europe, effectively absorbing a series of adverse economic shocks that rocked financial markets in London and on the continent. Legislating Instability explains the seeming paradox that the Scottish banking system achieved this success without the government controls usually considered necessary for economic stability. Eighteenth-century Scottish banks operated in a regulatory vacuum: no central bank to act as lender of last resort, no monopoly on issuing currency, no legal requirements for maintaining capital reserves, and no formal limits on bank size. These conditions produced a remarkably robust banking system, one that was intensely competitive and served as a prime engine of Scottish economic growth. Despite indicators that might have seemed red flags—large speculative capital flows, a fixed exchange rate, and substantial external debt—Scotland successfully navigated two severe financial crises during the Seven Years’ War. The exception was a severe financial crisis in 1772, seven years after the imposition of the first regulations on Scottish banking—the result of aggressive lobbying by large banks seeking to weed out competition. While these restrictions did not cause the 1772 crisis, Tyler Beck Goodspeed argues, they critically undermined the flexibility and resilience previously exhibited by Scottish finance, thereby elevating the risk that another adverse economic shock, such as occurred in 1772, might threaten financial stability more broadly. Far from revealing the shortcomings of unregulated banking, as Adam Smith claimed, the 1772 crisis exposed the risks of ill-conceived bank regulation.
Author: Paul Kosmetatos
Publisher: Springer
ISBN: 3319709089
Category : Business & Economics
Languages : en
Pages : 351
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Book Description
Nowadays remembered mostly through Adam Smith’s references to the short-lived Ayr Bank in the Wealth of Nations, the 1772-3 financial crisis was an important historical episode in its own right, taking place during a pivotal period in the development of financial capitalism and coinciding with the start of the traditional industrialisation narrative. It was also one of the earliest purely financial crises occurring in peacetime, and its progress showed an impressive geographical reach, involving England, Scotland, the Netherlands and the North American colonies. This book uses a variety of previously unpublished archival sources to question the bubble narrative usually associated with this crisis, and to identify the mechanisms of financial contagion that allowed the failure of a small private bank in London to cause rapid and severe distress throughout the 18th century financial system. It re-examines the short and turbulent career of the Ayr Bank, and concludes that its failure was the result of cavalier liability management akin to that of Northern Rock in 2007, rather than the poor asset quality alleged in existing literature. It furthermore argues that the Bank of England’s prompt efforts to contain the crisis are evidence of a Lender of Last Resort in action, some thirty years before the classical formulation of the concept by Henry Thornton.
Author: Hiroshi Mizuta
Publisher:
ISBN:
Category : Antiques & Collectibles
Languages : en
Pages : 328
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Book Description
Adam Smith is considered the founding father of economics. Yet to form an accurate picture of the theoretical basis of his work, it is necessary to know what influenced him. This book is the most up-to-date and comprehensive guide to all the books which were in Adam Smith's library at the time of his death. An invaluable reference work, this book will be of enormous interest to all those interested in the genesis of early economic thought.
Author: Robin Pearson
Publisher: Taylor & Francis
ISBN: 1040240313
Category : Business & Economics
Languages : en
Pages : 398
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Book Description
Exploring the changing economic, social and political role of the Anglo-American firm, this two-part collection of rare texts covers the period 1700-1850. Each part features an introduction which provides an overview of the development of the British and American business corporation in their respective periods and places it in its wider contexts.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 32
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Book Description
Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 476
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Book Description
Author: Fonna Forman-Barzilai
Publisher: Taylor & Francis
ISBN: 1136727736
Category : Business & Economics
Languages : en
Pages : 407
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Book Description
Adam Smith’s contribution to economics is well-recognized but in recent years scholars have been exploring anew the multidisciplinary nature of his works. The Adam Smith Review is a refereed annual review that provides a unique forum for interdisciplinary debate on all aspects of Adam Smith’s works, his place in history, and the significance of his writings to the modern world. It is aimed at facilitating debate between scholars working across the humanities and social sciences, thus emulating the reach of the Enlightenment world which Smith helped to shape. The sixth volume of the series contains contributions from specialists across a range of disciplines, including Vivienne Brown, Maria Alejandra Carrasco, Douglas J. Den Uyl, John Elster, Niall Ferguson, Samuel Fleischacker, Christel Fricke, Lisa Hill, Duncan Kelly, Karl Ove Moene, John O’Neill, Maria Pia Paganelli, Alessandro Roncaglia, Carola Freiin von Villiez, and Jonathan B. Wight. Topics examined include: Smith and the conditions of a moral society The fate of Anglo-American capitalism Smith and Shaftesbury
Author: Fonna Forman-Barzilai
Publisher: Routledge
ISBN: 0415667224
Category : Economics
Languages : en
Pages : 408
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Book Description
